WEEK 7

Teamwork 

This week, our team has allocated majority of our time to finding possible solutions for the problems. We have been working on it, however we have found it to be quite challenging to come up with solutions as we are dealing with such a large company with large scale problems. Many of the problems in the tobacco industry are related to the legislation of specific regions; because there may be many rules disallowing smoking in certain areas which cannot be avoided or changed. We therefore decided that adding this to our presentation would be pointless, and therefore narrowed the problems down to a final 4, so that we each have one main problem to elaborate on when we are delivering our presentation. We are making good progress, and i am enjoying completing this task with my group as i feel as though we all work at a good pace, and we get things done when we need to. 

Reflection 

During this weeks lecture we focused on the importance of developing presentation skills, and how to do so. We looked at how to create slides that aid your presentation in a professional, concise manner, as well as what you should and should not do when delivering a presentation. This lecture was very helpful to me, because, personally, i have struggled with delivering presentations throughout my whole educational career. Delivering presentations has always been a weak point for me, so to receive advice and tips on how to deliver a presentation correctly, and in a manner that would allow me to achieve optimal marks was very useful. i will be using these tips throughout my presentations i have to deliver this semester, and i am positive that i will carry these skills with me throughout my career in the business world as well.
In this week's seminar, we worked on excel and completed exercises regarding different Scenarios when dealing with budgets. These exercises are very helpful because as we get older, we realize that having a budget is actually an essential part of life, especially as a student with many expenses to cover. If you do not follow a budget, it can sometimes be very difficult to prioritize where your money should be allocated, and thus can be very risky as you can easily be put into debt/overdraft. Using excel to construct these budgets also makes it very easy and convenient to track all your expenses and bills, and make estimates on how much you will have left for leisurely expenses.
This function would be particularly useful to smaller businesses with tight budgets as it allows them to predict how much profit/loss they are going to make by the end of the month.